the state-run export-import bank of korea said thursday it has raised $1 billion by issuing dollar-denominated bonds to help finance local exporters.
the 3-year bonds were sold at a rate of 0.98 percentage point above three-year u.s. treasuries, the policy lender said in a statement.
proceeds from the debt sale will be used to provide funds to local exporters competing with global counterparts in the middle east, it said.
the majority of the debts were sold to investors from the united states and europe, it added.
the debt sale was managed by seven investment banks including goldman sachs and kdb daewoo securities co., according to the policy lender.